Commodities News

Ofgem Clears £28 Billion Grid Overhaul, Setting Path for Net £28 Bill Increase by 2031

Key Moments: Ofgem approved £28bn of energy network investment over the next five years, as part of an estimated £90bn to be deployed by 2031. The regulator expects the program to add £108 to household bills by 2031, partially offset by around £80 of efficiency-driven savings. Most of the new funding is earmarked for gas […] Read more

Gold remains near six-week high, ADP data boosts Fed cut case

Spot Gold continued holding near a six-week peak of $4,264.70/oz. on Thursday, after weak US private payrolls data added to expectations of an interest rate cut by the Federal Reserve this month. Employers in the US private sector cut 32,000 jobs in November, which has been the largest drop in payrolls since March 2023. The […] Read more

Surge in U.S. LNG Shipments Drives Steep Drop in European Gas Prices

Key Moments The Dutch TTF benchmark slid below €28/MWh on Tuesday, its lowest level since April 2024, despite an early and cold European winter. U.S. LNG cargoes have supplied about 56% of Europe’s LNG imports this year, sharply reducing the TTF-Henry Hub price spread to $4.8/MMBtu. Goldman Sachs projects TTF could fall to €12/MWh by […] Read more

Copper Notches New All-Time High as Tariff Fears Intensify Supply Strain

Key Moments Copper on the London Metal Exchange climbed as much as 2.6% to trade above $11,400 a ton, setting a new record high. A sharp increase in orders for copper stored in LME warehouses in Asia added to concerns about a looming global supply squeeze. The LME copper benchmark was up about 30% for […] Read more

Crude Futures Extend Losses as Markets Digest U.S.-Russia Peace Efforts

Key Moments Brent February futures slipped 0.3% to $62.24 per barrel, while WTI fell 0.3% to $58.44 per barrel in Asian trading. High-level discussions in Moscow between U.S. envoys and President Vladimir Putin ended without a Ukraine peace compromise, keeping geopolitical risks elevated. The American Petroleum Institute reported a 2.48 million-barrel weekly draw in U.S. […] Read more

Spot Gold holds near six-week high on Fed rate cut prospects

Spot Gold held within striking distance of a six-week peak of $4,264.70/oz. on Wednesday, underpinned by rising expectations of an interest rate cut by the Federal Reserve this month. Recent macro data showed the US manufacturing sector activity had shrunk for the ninth straight month in November, which added to expectations of further monetary easing. […] Read more